InterDigital Q1 2024 Adj EPS $3.58 Beats $2.75 Estimate, Sales $263.542M Beat $250.283M Estimate
Portfolio Pulse from Benzinga Newsdesk
InterDigital (IDCC) reported Q1 2024 adjusted earnings of $3.58 per share, surpassing the consensus estimate of $2.75 by 30.18%. Sales reached $263.542 million, exceeding estimates of $250.283 million by 5.30%, marking a 30.23% increase from the previous year.
May 02, 2024 | 12:32 pm
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InterDigital reported a significant beat on both earnings and sales for Q1 2024, with adjusted EPS at $3.58 and sales of $263.542 million.
InterDigital's substantial beat on both earnings per share and sales compared to analyst estimates indicates strong financial health and operational efficiency. This performance, especially the significant year-over-year sales growth, suggests a positive outlook for the company, likely leading to increased investor confidence and potential upward movement in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100